Similar Search Results

Financial intermediary balance sheet management

Adrian, Tobias; Shin, Hyun Song - 2011

Conventional discussions of balance sheet management by nonfinancial firms take the set of positive net present value (NPV) projects as given, which in turn determines the size of the firm's assets. The focus is on the composition of equity and debt in funding such assets. In contrast, the...

Persistent link: https://www.econbiz.de/10009411343

Empirical research on corporate credit-ratings : a literature review

Matthies, Alexander B. - 2013

We report on the current state and important older findings of empirical studies on corporate credit ratings and their … relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of … credit ratings and corporate default, the influence of ratings on capital markets, and the determinants of credit ratings and …

Persistent link: https://www.econbiz.de/10009681828

Statistical properties and stability of ratings in a subset of US firms

Matthies, Alexander B. - 2013

Standard explanatory variables that determine credit ratings do not achieve significant effects in a sample of 100 US …-established macroeconomic effects of credit ratings found by Blume et al. (1998) and highlights the influence of the rating agencies' through …

Persistent link: https://www.econbiz.de/10009681829

Conflict of Interest and Certification in the U.S. IPO Market

Benzoni, Luca - 2009

We examine the long-term return performance of U.S. IPOs underwritten by relationship banks. We show that, over one- to three-year horizons, IPOs managed by relationship banks experience buy-and-hold benchmark-adjusted returns that are similar to those observed for a matching sample of stocks...

Persistent link: https://www.econbiz.de/10013156835

Understanding the securitization of subprime mortgage credit

Ashcraft, Adam B.; Schuermann, Til - 2008

how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the …

Persistent link: https://www.econbiz.de/10010283528

How do treasury dealers manage their positions?

Fleming, Michael J.; Rosenberg, Joshua V. - 2007

Using data on U.S. Treasury dealer positions from 1990 to 2006, we find evidence of a significant role for dealers in the intertemporal intermediation of new Treasury security supply. Dealers regularly take into inventory a large share of Treasury issuance so that dealer positions increase...

Persistent link: https://www.econbiz.de/10010283387

Is sell-side research more valuable in bad times?

Loh, Roger K.; Stulz, René M. - 2013

Because uncertainty is high in bad times, investors find it harder to assess firm prospects and, hence, should value analyst output more. However, higher uncertainty makes analysts' tasks harder so it is unclear if analyst output is more valuable in bad times. We find that, in bad times, analyst...

Persistent link: https://www.econbiz.de/10010227721

Funding continuum for private business owners : evidence from the Pepperdine Private Capital Markets Project Survey

Harjoto, Maretno A.; Paglia, John K. - In: Journal of entrepreneurial finance : JEF ; official … 15 (2011) 2, pp. 1-22

The Pepperdine Private Capital Markets Project survey for business owners, administered during the spring of 2010, reveals an increasingly important role of friends and family (Friends/Family) to provide capital for privately-held businesses. Examining business owners’ perceptions of their...

Persistent link: https://www.econbiz.de/10010345499

Securitisation and its Footprint : The Rise of the U.S. Securities Industry Centres 1998-2007

Wojcik, Dariusz - 2009

This paper conceptualises securitisation from an economic geographic perspective, and documents dynamic but volatile growth of the securities industry and its distribution in the U.S.A. between 1998 and 2007. The industry has spread across states and metropolitan areas, within which it has...

Persistent link: https://www.econbiz.de/10013155239

The Death of Trust Across the U.S. Finance Industry

Limbach, Peter - 2020

We document a significant decline in the level of generalized trust among finance professionals relative to the decline of trust in the general U.S. population. This decline occurs across all subsectors and at all hierarchy levels and is unique to the finance industry. It is related to a lack of...

Persistent link: https://www.econbiz.de/10012838994

1
2
3
4
5
6
7
8
9
10
Next
Last